OAKVILLE, Ontario – Restaurant Brands International (QSR) on Wednesday reported third-quarter net income of $133.6 million.
The Oakville, Ontario-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.38 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.39 billion.
Restaurant Brands shares have fallen nearly 8 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QSR at https://www.zacks.com/ap/QSR